Immediately following the implosion, site owner and condo developer, Aventura-based Cabi Developers, extended rights for disaster training drills to the city's various fire, police, hazmat and other rescue workers. Jacobo Cababie, principal, declined to disclose an estimated construction cost for the project.

"The revitalization [of] a piece of property that directly faces…Bayside Marketplace, cruise ships at the Port of Miami and Biscayne Bay is long overdue," he says. With construction of this project, "we can begin to realize the bright future that this neighborhood has been anticipating."

Residential units will range from 550 sf to 2,100 sf and sell from the mid-$200,000s to just over $1 million. The second- and third-floor units are flats; the fourth- and sixth-floor units are two-story lofts, and one-, two- and three-bedroom units occupy the other floors, topped by penthouses. Phase I is scheduled for completion next year. George Mato of Aventura-based Marka-Tech Associates is the sales director. Andrew Dieringer of Turnberry Associates is leasing agent for the commercial space.

Plans for the contemporary-style limestone and granite towers include an eighth-floor deck containing a pool, lap pool and bar overlooking Biscayne Bay; a 15,000-sf health spa; meeting room; billiard room; and business center. The retail space is accessible via a walkway through the center of the buildings on the ground floor, open to the public. The covered parking garage is hidden, and condo owners have assigned, valet parking. The architect is Coral Gables-based Fullerton Diaz.

Loft units have floor-to-ceiling windows and 18-foot ceilings. Ceilings in the flats are 10 feet high. All units have DSL wireless cable, stainless steel appliances and marble master baths.

Instant Insights /

Everglades Hotel Gives Way to 49-Story Condo Complex

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